At its core, a Markov chain is a model for predicting the next event in a sequence based only on its state. It possesses ...

This could have gone in the Programmer's Symposium as well, but I'll ask here since it is really about the underlying math. For some background, a Markov chain is a sequence of things where the ...

A Markov chain is a sequence of random variables that satisfies P(X t+1 ∣X t ,X t−1 ,…,X 1 )=P(X t+1 ∣X t ). Simply put, it is a sequence in which X t+1 depends only on X t and appears before X t−1 ...

There is an increasing use of Markov chain Monte Carlo (MCMC) algorithms for fitting statistical models in psychometrics, especially in situations where the traditional estimation techniques are very ...